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    Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundary…connect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

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      Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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    Bitcoin Price Prediction Today Ahead of U.S CPI Data Release

    • currency-symbol BTC $ 111,168.09 (1.71%) top gainer
    Story Highlights
    • Bitcoin trades near $110K as traders await U.S. CPI and Fed decisions — a soft inflation print could fuel a BTC rally above $112K, while a hot CPI may weigh on prices.

    • BTC eyes $112K breakout ahead of key macro events — analysts say falling rates and bullish RSI could trigger Bitcoin’s next major move if $107K support holds.

    Bitcoin Price today is  trading near $110,479 as investors remain cautious ahead of two major macroeconomic events: the U.S. October Consumer Price Index (CPI) report and next week’s Federal Reserve policy meeting. These events could determine whether inflation has cooled enough to trigger the much-anticipated interest rate cuts, potentially setting the stage for Bitcoin’s next significant move.

    Bitcoin Price Prediction Ahead of CPI Report Release 

    Bitcoin’s price remains closely tied to today’s CPI data. A softer-than-expected reading could act as a bullish trigger, potentially propelling Bitcoin past $112K. Conversely, a higher-than-expected CPI may temporarily weigh on the market, pushing prices back toward support levels around $107K.

    Several traders have highlighted key intraday levels for potential trades. A dip near $110,200 could offer a buying opportunity, while a turnaround around $109,700 may serve as an additional entry point. Short-term positions may need to be adjusted if Bitcoin falls below $109,300, but the overall outlook remains cautiously bullish if key resistance levels are broken.

    BTC Price Analysis Today

    For nearly six months, Bitcoin has remained range-bound between $100,000 and $120,000. Crypto analyst Michael van de Poppe suggests this period of low volatility may be coming to an end. He noted that Bitcoin is “nearing a big volatile move” as economic conditions begin to shift. 

    Comparing the current market to 2021, he highlighted that Bitcoin now trades at $110K while interest rates are around 4–4.5%, unlike 2021 when Bitcoin hit $69K with near-zero rates. If rates fall, Van de Poppe believes Bitcoin could see a strong upward impulse.

    Technically, Bitcoin’s relative strength index (RSI) sits around 43, signaling room for growth, while low trading volumes suggest a potential buildup ahead of a breakout. Analysts identify $107K as key support and $112K as the resistance level to watch in the coming days.

    Market observers highlight $112K as the critical breakout level. The 150-day exponential moving average (EMA), a long-standing trend indicator, continues to provide support for bullish sentiment. As long as Bitcoin stays above $107K, a big move up becomes more likely.

    On-Chain Data Signals BTC Price Pullback

    Analyst Ali Martinez pointed out that Bitcoin recently dropped below its Short-Term Holder (STH) Realized Price, a metric that often precedes deeper corrections. If history repeats, Bitcoin could briefly dip toward the Long-Term Holder (LTH) Realized Price near $37,000 before recovering.

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    FAQs

    What affects Bitcoin’s price ahead of the CPI report?

    Bitcoin’s price often reacts to U.S. inflation data, as a lower CPI boosts rate-cut hopes, driving buying pressure, while a higher CPI can cause short-term dips.

    Is now a good time to buy Bitcoin before the CPI release?

    Traders see dips near $110,200 or $109,700 as potential entries, but short-term volatility around the CPI report makes careful risk management essential.

    Could Bitcoin’s price drop before moving higher?

    Yes. On-chain data shows short-term holders under pressure, hinting at a possible pullback before a recovery toward long-term bullish targets.

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